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List Three Reasons Why the Statement of Cash Flows Is

question 40

Essay

List three reasons why the statement of cash flows is a useful component of an enterprise's financial statements.


Definitions:

Extrinsic Motivations

Motivation driven by external rewards such as money, fame, grades, or praise rather than by intrinsic interests or desires.

Autonomously

Acting independently or having the freedom to make one’s own decisions without external control or influence.

Goal Setting

The process of identifying specific objectives, determining a plan for achieving those objectives, and establishing measurable goals.

Achievement

A measure of success or proficiency in performing tasks, often determined by reaching certain established criteria.

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